$LTC has been hit by a "triple whammy" of macro, on-chain, and technical factors! Is chasing the current price a comeback or a trap?
LTC has recently plummeted! On a macro level, expectations of US interest rate hikes have risen + increased EU regulations, a double whammy of bad news;
On-chain whales are fleeing frantically, dumping 40,000 coins in 3 days, miners also can't hold on and are shutting down, supply has surged;
Technically, new public chains are taking away payment shares, and the ecosystem is deserted with no one participating.
Now LTC has a brief pullback; if you want to bet on a rebound, try a small position at the current price, with a stop loss at 110 and a target of 125! But don't go all in, the risk is still quite large!
Don't know how to operate in this market? Follow Lifan, strategies will be provided, execution depends on you! There are only so many positions available, those who act fast will benefit, those who are slow will miss out!
